Wallingford

🔒CT manufacturer’s sales jump 58% in record quarter after major acquisition

Amphenol Corp. reported a sharp increase in first-quarter sales and profit following a recent $10.5 billion acquisition.

🔒Connecticut’s largest food bank sells Bloomfield warehouse to cut costs, fund Wallingford expansion

Connecticut Foodshare’s recent $3.5 million sale of its Bloomfield warehouse will reduce operating costs and help fund an expansion of its Wallingford facility, according to the organization’s CEO.

🔒Amphenol focus on India boosted by share buyback effort

The Connecticut company wants to buy back almost 2 million shares in ADC India Communications, which it acquired last year.

🔒Hartford venture firm aims to help startups avoid the ‘valley of death’

Inspired by his father's unrealized dream of building a flying car, Hartford entrepreneur Robert Zielonka co-founded Escape Velocity Partners to give early-stage Connecticut startups the capital and mentorship he says too many promising inventors never had access to.
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🔒Mass. real estate firm aims to revive struggling Wallingford office campus after $9.13M purchase

Massachusetts landlord KS Partners paid $9.1 million for the 33%-occupied Campus at Greenhill, betting that capital investment and a flexible leasing strategy can breathe new life into a building that has cycled through bankruptcy, foreclosure and four owners in less than two decades.

🔒Major CT manufacturer announces board chair succession plan

Wallingford manufacturer Amphenol Corp. said its board of directors has approved a leadership succession plan that will shift the company’s chairmanship in May.

🔒Amphenol posts record results, discloses up to $300M potential China tax exposure

The electronics and fiber-optic connector manufacturer said fourth-quarter sales rose 49% from a year earlier to $6.44 billion.

🔒Wallingford startup X9 raises $8.6M to develop dialysis needle technology

Wallingford-based X9 Inc. raised nearly $13.7 million to develop an AI-guided device that uses ultrasound to help insert dialysis needles, receiving FDA approval for its ultrasound-only version in October.
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Amphenol closes $10.5B acquisition of CommScope connectivity unit

Wallingford-based Amphenol has closed on its biggest ever acquisition — the purchase of Connectivity and Cable Solutions from CommScope.

🔒HHC seeks to acquire Wallingford-based cardiologist group for $3M

Fresh off acquiring two hospitals east of the Connecticut River, Hartford HealthCare is now seeking to acquire a large cardiologist group based in Wallingford for $3 million.
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